The auction for bankrupt electronic retailer RadioShack's name and customer data will resume on Tuesday with bidding at $15 million, Reuters reported yesterday. The high bidder is an affiliate of the Standard General hedge fund, which acquired 1,740 RadioShack stores in April, according to Adrienne Walker of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo. Walker represents a group of RadioShack's U.S. independent dealers and franchisees. They have objected to the sale over concerns about whether they could continue to use the RadioShack trademark and whether a buyer of the company's customer data will be subject to their privacy policies. The sale of RadioShack's customer data has also raised concerns about privacy, and Texas Attorney General Ken Paxton's office has objected to the sale of personally identifiable information.
